The Services Committee of the Shura Council called on the Council to approve its recommendation regarding the annual report of the Ministry of Housing, which is scheduled for discussion at next Monday’s session, and stipulated that “the possibility of allowing unmarried male and female citizens aged 25 and older to apply for one of the Ministry’s housing options should be studied.” (Residential Real Estate)

The committee justified its recommendations by citing population surveys conducted by the Statistics Authority, which showed that the percentage of unmarried men exceeded 41.1% of the male population, and among females, the percentage of those who have never married exceeded 32.1%. The Shura Committee considers these percentages to be high and notes that one of the most important requirements for marriage is the availability of suitable housing. To facilitate marriage for this group, particularly for those over 25 years of age, the committee emphasizes the need to assist them in obtaining housing and to consider allowing them to apply for housing.

Some news links and reports from Amlak Real Estate Newspaper, Issue 187

Residential Real Estate – Real Estate Projects – Investment Opportunities –

Real Estate Financing – Aramco Shares – Construction – Residential Real Estate

Editor-in-Chief Abdulaziz Al-Issa explains the story behind the Amlak Real Estate newspaper logo

Minister of Commerce and Investment Allocates Land in Riyadh, Jeddah, and the Eastern Province for the Establishment of International Exhibition and Conference Centers

The Administrative Judiciary Council decides to amend the wording of the draft law on reviewing appeals against property expropriation decisions

“Tourism Authority” Outlines Benefits of National Tourism Monitoring Platform at Riyadh Chamber

The General Real Estate Authority inaugurates its new headquarters and discusses updates to regulations governing real estate registration, real estate brokerage, and real estate contributions

The “Sakani” online platform receives over 15 million visits, including 702,000 app downloads

The Kingdom’s transportation sector jumps to first place globally in terms of ease of doing business

Al Rajhi REIT acquires educational properties with a purchase value of 210 million riyals

Malakiya Investment Company acquires “hotel apartments” in Riyadh for 50 million riyals

“Arabian Business Saudi Arabia” magazine awards Riyad Bank the “Fastest Growing Bank of 2019” award

The Ejar program concludes 2019 with 570,000 lease contracts documented and 48,000 inspection visits

Minister of Housing Calls on Private Sector to Support “Good Housing” Initiative

Residential Real Estate

Minister of Housing during the budget program: 14 billion riyals allocated for a program to promote construction technologies and support Saudi construction factories

Minister of Housing during the budget program: We exceeded the 2019 targets.. “Itmam” has approved 99 plans… and the Owners" Union Regulation will be issued soon

Majed Al-Hogail: 1.8 billion riyals from white land fees to be injected into housing sector infrastructure projects

Al Rajhi Bank Concludes ”Corporate Banking Credit Risk Management" Program

Ministry of Finance Signs Agreement with Saudi Investment Bank to Develop a New Method of Disbursement

The Capital Market Authority approves the offering of 30% shares in Amlak International Real Estate Finance

Alinma Bank Meets Global Standard for Business Continuity

Reports Project Financing of 1.22 Million Homes Under Saudi Vision 2030

Analysis: Optimism Prevails Among REITs in the Saudi Market Over 9 Months

As of the end of November 2019, the value of personal mortgage loans from financial institutions exceeded 69 billion riyals

The Shura Council calls on "Kafalah“ to establish financing incentives to encourage investment in industry, technology, and services

The Public Pension Agency plans to develop and invest in 100,000 square meters in agreement with "Riyadh Financial“

The United Nations Development Programme provides technical support for "developmental housing“ initiatives

Housing units in the "Jawhara Al-Rasifa“ residential project delivered on schedule

12 banks and 5 finance companies streamline the mortgage process

Housing program serves employees of the Ministries of "Commerce“ and ”Municipal and Rural Affairs”

Residential real estate